It hasn't come up for me on a transaction yet and I'm curious how it's playing out in practice!

To depend on the rates to drop substantially to cover refi cost is a gamble.

When things crumble multiple variables are at play and come down together as dominoes.

I have been playing around with Propwire for the past few days and it makes me wonder how accurate the information is on the site compared to Propstream.

You want to play?"

Look at buying rental properties as the long term play in building wealth.

So, the fact that you are capped to the purchase price plus closing costs does not come into play here.  

It's like gambling for them but will want a much higher pref and much higher equity upside from syndicator because of little to no track record.

One learns very quickly and unfortunately usually the hard way that cash tenants are a huge gamble and that section 8 is the only way to find healthy, consistent, positive cash flow in Detroit and many of the other inner cities accross America.

This young man is 25, if he plays his cards right and scales slow, by the time he is 40 he will be a millionaire many times over.You just have to be careful, there are sharks out there that are not scammers per se, but they are just very pitchy and slimy and are allergic to honesty.